Segall Bryant & Hamill LLC Purchases 60,487 Shares of Schlumberger Limited (NYSE:SLB)

Segall Bryant & Hamill LLC boosted its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 22.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 330,482 shares of the oil and gas company's stock after purchasing an additional 60,487 shares during the period. Segall Bryant & Hamill LLC's holdings in Schlumberger were worth $12,671,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SLB. Mountain Hill Investment Partners Corp. purchased a new stake in Schlumberger during the 4th quarter valued at approximately $4,990,000. FCA Corp TX acquired a new position in shares of Schlumberger in the fourth quarter valued at approximately $104,000. LPL Financial LLC lifted its holdings in shares of Schlumberger by 3.3% during the fourth quarter. LPL Financial LLC now owns 790,906 shares of the oil and gas company's stock worth $30,323,000 after purchasing an additional 25,547 shares during the period. Samalin Investment Counsel LLC increased its holdings in Schlumberger by 10.8% in the fourth quarter. Samalin Investment Counsel LLC now owns 14,453 shares of the oil and gas company's stock valued at $554,000 after buying an additional 1,406 shares in the last quarter. Finally, English Capital Management LLC grew its holdings in shares of Schlumberger by 11.1% in the 4th quarter. English Capital Management LLC now owns 100,106 shares of the oil and gas company's stock worth $3,838,000 after acquiring an additional 10,000 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Price Performance

Shares of SLB stock traded down $0.24 during midday trading on Friday, reaching $41.87. 12,887,648 shares of the company were exchanged, compared to its average volume of 12,188,001. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.65. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The company has a market cap of $56.93 billion, a P/E ratio of 13.46, a PEG ratio of 10.10 and a beta of 1.47. The company's 50 day moving average price is $41.29 and its two-hundred day moving average price is $41.46.

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Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. Schlumberger's revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 EPS. On average, sell-side analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a $0.285 dividend. This is a boost from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 annualized dividend and a dividend yield of 2.72%. Schlumberger's payout ratio is presently 36.66%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SLB. Stifel Nicolaus dropped their price target on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Evercore ISI reaffirmed an "in-line" rating and issued a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Citigroup upped their target price on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Griffin Securities downgraded shares of Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Finally, BMO Capital Markets decreased their target price on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Schlumberger currently has an average rating of "Moderate Buy" and a consensus target price of $55.69.

Insider Buying and Selling

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the transaction, the vice president now directly owns 11,240 shares of the company's stock, valued at $496,808. This represents a 38.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total value of $5,427,346.73. Following the transaction, the executive vice president now owns 184,626 shares in the company, valued at approximately $8,140,160.34. This trade represents a 40.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 290,772 shares of company stock worth $12,546,660. Insiders own 0.26% of the company's stock.

Schlumberger Company Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.